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Chris W · 20-06-2004, 18:18

To be honest i would put it in a high intest savings account, and save it towards the deposit on your first house. After all, your not going to need a pension until you are at 65 (or sooner possible) but you will probably want to buy a house before then!

I put money every month into a 120day notice account with the Bradford and Bingley, and it is surpising how quickly it builds up.

I personally am not going to start paying into my pension until i have saved a fair amount and settle down (maybe five years time) and i agree with what Xaccers said- no point in having life assurance until you have some dependants.

MB

20-06-2004, 18:18	#10
Chris W cf.mega poster Join Date: Nov 2003 Location: Reading Age: 42 Services: Virgin Media Broadband Size M Posts: 6,546	Re: pension or life cover ? To be honest i would put it in a high intest savings account, and save it towards the deposit on your first house. After all, your not going to need a pension until you are at 65 (or sooner possible) but you will probably want to buy a house before then! I put money every month into a 120day notice account with the Bradford and Bingley, and it is surpising how quickly it builds up. I personally am not going to start paying into my pension until i have saved a fair amount and settle down (maybe five years time) and i agree with what Xaccers said- no point in having life assurance until you have some dependants. MB